John Laing takes full ownership of 8.2-MW UK wind farm
Jul 7, 2014 - UK-based infrastructure investor John Laing said today it had taken full control of the 8.2-MW Wear Point wind farm following the commissioning of all of its turbines.
More specifically, John Laing has bought the 20% it did not already have in Wear Point Wind Ltd, the firm that manages the wind park, from UK sector player Infinergy for an undisclosed sum.
All four of the turbines supplied by the UK unit of German firm Repower Systems AG are now operational. The wind farm was built on disused industrial land owned by oil storage facility operator SemLogistics in Waterston, south Wales.
The wind park will sell electricity to Norway-based power group Statkraft under a 15-year power purchase agreement (PPA). It sourced GBP 4.5 million (USD 7.7m/EUR 5.7m) worth of products and services during construction, backing the Welsh economy.